|
contents | business | |||||||||
| Union Investment buys office building in San Diego, USA Hamburg-based Union Investment Real Estate AG has acquired the Paseo Del Mar office building in San Diego, USA for its open ended real estate fund UniImmo: Europa in a transaction worth around 147,9 million US-Dollar. The vendor of the building, which offers 21,694 square metres of rental space, is KBS Real Estate Investment Trust. Built in 2006, the Paseo Del Mar office complex, conveniently located in the Del Mar Heights office market, a submarket in San Diego, California, is 96% let to established long-term tenants. Del Mar Heights is regarded as the most sought-after office market in the area, with the majority of its tenants comprising prominent law firms. It is situated in the north of the city and predominantly made up of class A office buildings. write your comments about the article :: © 2008 Construction News :: home page |